Neighborhood Stabilization Program 1

Program Description

The Georgia Neighborhood Stabilization Program 1 (Title III of HR3221)

The CDBG Neighborhood Stabilization Program (NSP 1), which is Title III of the Housing and Economic Recovery Act of 2008, H.R. 3221, is a program designed to assist local governments to purchase abandoned and foreclosed properties.

Please note that as HUD issues guidelines for the development of Georgia's Method of Distribution for these funds, we will forward news, information and status updates to Georgia's local governments.

NSP Action Plan Substantial Amendment - revised 2/2/2009

This amendment involves several changes to the Flexible Pool. Comments on the changes will be accepted through February 18, 2009. Comments may be made in writing to: NSP Comments,Christopher Nunn, Deputy Commissioner, Georgia Department of Community Affairs, 60 Executive Park South Atlanta, GA 30329 or by email.

NSP Income Limits

Downloads, Forms, & Related Links

The NSP1 Recipients’ Manual has been revised and is linked below.
Highlights of the revisions include, but are not limited to, the following areas:

• Regulatory changes published in the NSP1 Federal Register Bridge Notice on June 19, 2009
• Notice of Changes in Definitions and Modification to NSP published in the Federal Register on April 9, 2010
• Modification/clarification of NSP 1 requirements included in the NSP 3 HUD Notice dated October 19, 2010
• Program Income requirements and clarifications